TMA adds Monmouthshire BS to lender panel

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TMA Club has added Monmouthshire Building Society to its lender panel following the lender’s return to the broker market.

The move means TMA’s DA partners are among a select group of brokers currently with access to Monmouthshire’s residential, buy-to-let and commercial mortgage ranges.

The Newport-based lender paused its lending last year while it developed a new loans origination platform to make the application and approval process smoother and quicker. It is working with a small group of distributors, including TMA, ahead of a full launch later this year.

The society operates across England and Wales, lending up to age 85 and offering loans of up to 95% LTV.

It will also lend to 5.5 times income and accepts 100% of overtime, shift allowance and commission in its affordability calculations.

Alongside flexible residential criteria, the society offers personal and limited company buy-to-let loans, commercial mortgages and holiday lets.

Commenting on the panel addition TMA senior product and business manager Robert McCoy, said: “Adding Monmouthshire to our panel gives our DA brokers access to a genuinely flexible lender at a time when more and more clients don’t fit the standard mould.”


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